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Apr 23, 2013
04/13
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this bill does not create new taxes or increase existing tax taxes. instead, the bill will help states and cities collect billions in unpaid taxes already owed, reducing the need to raise new taxes on tax compliant businesses and citizens. indeed, yesterday i was with my governor and he indicated that if we could pass this at the federal level and allow the state of rhode island to collect approximately $70 million a year, he would propose a reduction in our sales tax, which would benefit all the people in rhode island and also benefit the businesses in rhode island because they would have a smaller sales tax margin to pay. so this is a proposal that i think is not only necessary, it's long overdue. in 2012, as i've indicated, rhode island estimated it lost approximately $70 million in uncollected revenue. the revenue was legally owed but because of this loophole, it went uncollected. this puts pressure on individuals and businesses that play by the rules. indeed, if the marketplace fairness act becomes law, rhode island has provisions in state law, a
this bill does not create new taxes or increase existing tax taxes. instead, the bill will help states and cities collect billions in unpaid taxes already owed, reducing the need to raise new taxes on tax compliant businesses and citizens. indeed, yesterday i was with my governor and he indicated that if we could pass this at the federal level and allow the state of rhode island to collect approximately $70 million a year, he would propose a reduction in our sales tax, which would benefit all...
SFGTV: San Francisco Government Television
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Apr 20, 2013
04/13
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SFGTV
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there's some sources that are urban leashed and don't generate tax precedes. and there's a cost of providing city services in that budget. and we try and track that over time. there's a general prim the harbors shouldn't subsidize or excuse me. the general fund shouldn't subsidize those services. the improvements to piers and seismic upgrades there in the capital fund also like along with historic properties listed on the national register. so as we are thinking about forming districts along the port property and the first proposed districts will likely be considered in 2014 so we're a ways away from requesting the styrofoam a districts. there would be a policy framework everybody sort of accepted there would be community oversight but those structures don't exist so we're going to propose local districts to answer those issues. there are some just a few minutes properties where it might making make sense to include those ports particularly pier 70 but there's guidelines. we're suggesting that it's a policy decision for the board of supervisors when a district
there's some sources that are urban leashed and don't generate tax precedes. and there's a cost of providing city services in that budget. and we try and track that over time. there's a general prim the harbors shouldn't subsidize or excuse me. the general fund shouldn't subsidize those services. the improvements to piers and seismic upgrades there in the capital fund also like along with historic properties listed on the national register. so as we are thinking about forming districts along...
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Apr 23, 2013
04/13
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KQED
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when amazon.com began to collect sales tax. there was not a rush of customers from amazon to the main street. reason? >> they do not buy online to avoid sales tax, they buy online for lower prices, choices and convenience. the internet is here to stay. and businesses turn to the internet to reach customers. those are the ones that will run head long into the border less world that david talks about. now it's without borders for the tax department. >> address the constitutional portions that it brings up? >> the supreme court said in 1992, a time we were talking about catalogs. that that time, state laws were too complex for everyone. guess what? we are in a different day and age, everyone knows electronic commerce, the internet is here to take. it's robust and what you have now is because congress has not acted you are giving a subsidy to online retailer that is not needed. what we need to do is treat everyone the same. if you have customers in a state with a sales tax, you should collect and remit. >> steve, you got the first
when amazon.com began to collect sales tax. there was not a rush of customers from amazon to the main street. reason? >> they do not buy online to avoid sales tax, they buy online for lower prices, choices and convenience. the internet is here to stay. and businesses turn to the internet to reach customers. those are the ones that will run head long into the border less world that david talks about. now it's without borders for the tax department. >> address the constitutional...
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Apr 17, 2013
04/13
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CSPAN2
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>> we propose the past reform be done in overall tax reform in the overall tax reform is to fill a gap we have to get our fiscal house in order. $580 billion of additional revenue. the business pcs that should be done in the way we broaden the base and lower the rates so america can be more competitive. the overall tax package will have to raise revenue. >> we agree the first thing he said, which is lower rates, broaden the base and you don't specify how to pay to register base broadening to determine through tax reform. >> would've had a number of indicative provisions, that there'll have to be others in the business of broadening the base will require bipartisan consensus because each of the provisions we consider base broadening has zealous advocates saying they needed desperately. >> the point i'm trying to make a sum of it's been critical of our proposals to lower the rate. it sounds like you're basically do the same thing but on the corporate rate. the point is it's tough to do. a lot of zealous advocates to certain tax expenditures and we need to do this are brought face tax ref
>> we propose the past reform be done in overall tax reform in the overall tax reform is to fill a gap we have to get our fiscal house in order. $580 billion of additional revenue. the business pcs that should be done in the way we broaden the base and lower the rates so america can be more competitive. the overall tax package will have to raise revenue. >> we agree the first thing he said, which is lower rates, broaden the base and you don't specify how to pay to register base...
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Apr 23, 2013
04/13
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CSPAN2
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some counties have different taxes that they add on to their sales tax or they have a municipal tax. and they're saying that will be 9,600 different tax codes, it's almost impossible. for anyone to participate in this piece of legislation, they have got to make a decision on one of those five, five criteria i just mentioned. that brings the tax code down to 46. it simplifies it. so that argument doesn't hold either, the complication of 96, and i know it's been used with our good friend from new hampshire. the beauty of a state without a sales tax that doesn't want to participate, they don't have to. that's the beauty of it. they don't have to. they don't have to participate. they don't have to collect the sales tax from their people, as i said earlier. so they had that option. i know the arguments against the legislation, but again i would say they are just wrong. some critics say this is a tax increase. that's wrong. if i'm paying 6% in west virginia, would i go to a store in fairmont, charleston, huntington, martinsburg, greenbrier, lewisburg, wherever go, it's the same 6%. the onl
some counties have different taxes that they add on to their sales tax or they have a municipal tax. and they're saying that will be 9,600 different tax codes, it's almost impossible. for anyone to participate in this piece of legislation, they have got to make a decision on one of those five, five criteria i just mentioned. that brings the tax code down to 46. it simplifies it. so that argument doesn't hold either, the complication of 96, and i know it's been used with our good friend from new...
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Apr 24, 2013
04/13
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CNBC
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i would much rather see a full tax report of a low rate, flat tax. get rid of all this garbage and nonsense. >> ah! >> have one low rate which jerry brown proposed in 1982 and be done with all these other problems. >> we double tax investment and savings. why don't we just tax consumption. in other words, investment savings is the seed core of the whole country. that's why new jobs, new income. why would we want to tax savings, much less double and triple tax? >> sadly, larry, in washington, much of the economics profession as well does not understand that investment is the mother's milk of pros period of time. without investment, you don't get a higher standard of link. trying to put caps on capitalization is ridiculous. we should be moving back through the flat tax or other reforms and in terms of what the president proposed on 401 ks, larry, you know and i know that's the beginning. first of all, they lied no us about social security, they are double taxed. we were told they would not be taxed when we were retired. they've moved back on that promi
i would much rather see a full tax report of a low rate, flat tax. get rid of all this garbage and nonsense. >> ah! >> have one low rate which jerry brown proposed in 1982 and be done with all these other problems. >> we double tax investment and savings. why don't we just tax consumption. in other words, investment savings is the seed core of the whole country. that's why new jobs, new income. why would we want to tax savings, much less double and triple tax? >> sadly,...
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Apr 23, 2013
04/13
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KCSM
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the president faces a tax evasion probe. the city of boston has been holding a silent vigil and remembered -- in remembrance of the attack one week ago. >> public life team to a halt at 2:50 p.m., the exact time the attack took place. three people were killed and more than 180 were injured when two homemade bombs went off to the finish line of therace. authorities say they have charged the one surviving suspect. he is in the hospital with serious injuries. >> federal prosecutors say he will face charges of using a weapon of mass distraction and malicious distraction of property resulting in death. he could face the death penalty. >> the suspect was charged while still inis hospital bed. he is unable to speak due to a gunshot wound in the throat, but that he can respond to questions in writing. the 19-year-old could face the death penalty if found guilty. investigators continue to search for evidence at the scene of the shootout that ended in his arrest on friday night. police say they found at least two more explosive device
the president faces a tax evasion probe. the city of boston has been holding a silent vigil and remembered -- in remembrance of the attack one week ago. >> public life team to a halt at 2:50 p.m., the exact time the attack took place. three people were killed and more than 180 were injured when two homemade bombs went off to the finish line of therace. authorities say they have charged the one surviving suspect. he is in the hospital with serious injuries. >> federal prosecutors say...
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Apr 24, 2013
04/13
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CSPAN2
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no federal tax, new tax. only the collection of existing state sales taxes. that's all we're asking for. now, our opposition comes from several quarters, but primarily from no-sales-tax states like oregon, montana, new hampshire. those senators from those states where they pay no sales tax whatsoever would not even require their internet serls to collect -- sellers to collect sales tax on sales made in other states. at the end of the day if marketplace fairness act passes, the citizens of oregon will not pay one penny in sales tax more -- they pay none -- nor will the citizens of montana, delaware, or alaska. the state law prevails. we coapt don't change it at all. but to suggest you can sit in oregon as an internet retailer and sell into other states at a disadvantage to the local businesses, not collect sales taxes, is unfair. and what we ao achieve here is fairness and balance. we have obviously the major retailers across america supporting this but more. we have units of government that are now not receiving the sales tax seats from internet -- receipts f
no federal tax, new tax. only the collection of existing state sales taxes. that's all we're asking for. now, our opposition comes from several quarters, but primarily from no-sales-tax states like oregon, montana, new hampshire. those senators from those states where they pay no sales tax whatsoever would not even require their internet serls to collect -- sellers to collect sales tax on sales made in other states. at the end of the day if marketplace fairness act passes, the citizens of...
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next week on capitol hill also called a robin hood tax the act would create a sales tax on wall street which would provide hundreds of billions of dollars in new revenue for a nation every year prior to the bill's redirection on capitol hill more than one hundred forty organizations will take part in a robin hood tax campaign rally and march this saturday in our nation's capital joining me now to talk more about that rally and financial transaction tax is gene ross an acute care nurse and co president of national nurses united jean great to have you back with us thank you for being here glad to be here so tell us about the inclusive prosperity act what is this well it's a very very small financial transaction tax on buying and selling. the constant churning those taxes that are on those trades that are done over the computer on wall street and it's meant to bring in up to three hundred fifty billion dollars per year and yet out of money so how he says are very very small tax how small is that point five percent point half of one percent and yes we've had a similar attacks over the year
next week on capitol hill also called a robin hood tax the act would create a sales tax on wall street which would provide hundreds of billions of dollars in new revenue for a nation every year prior to the bill's redirection on capitol hill more than one hundred forty organizations will take part in a robin hood tax campaign rally and march this saturday in our nation's capital joining me now to talk more about that rally and financial transaction tax is gene ross an acute care nurse and co...
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Apr 16, 2013
04/13
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FBC
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income tax. there are sneaky taxes that most of you may not even know about that. >> we pay them all day long from the moment i wake up and turn on the light. i pay more when i brush my teeth, license my dog, my building pays property taxes and when they leave home to take the subway i paid the metropolitan commuter one negative commuter tax. i make phone calls or get a bite to eat, soda and drink drink, when a gas up my car as much as one-quarter of the price is the state and city excise taxes. people pay sales taxes all day long. so many taxes. i need a drink. i am lucky i don't smoke. this is one reason american economic growth has stalled says scott hodge predent of the tax foundation. when i think of these rules i think of safety regulations and the constant spiderweb not the tax code. we have done okay with the tax code. >> the tax code is a mess because of the 70,000 pages that dictate virtually every aspect of our lives and cost americans 6 billion hours of our time just toomply. six out
income tax. there are sneaky taxes that most of you may not even know about that. >> we pay them all day long from the moment i wake up and turn on the light. i pay more when i brush my teeth, license my dog, my building pays property taxes and when they leave home to take the subway i paid the metropolitan commuter one negative commuter tax. i make phone calls or get a bite to eat, soda and drink drink, when a gas up my car as much as one-quarter of the price is the state and city excise...
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Apr 16, 2013
04/13
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CSPAN
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taxes, our corporate taxes. that's an unlevel playing field and the person that's disadvantaged is not the owner of the ford. the person that's disadvantaged is the employee at ford who needs to have that job. we used to have a ford line and a g.m. line in the city of atlanta, mr. speaker. they are both closed. they are both closed today because they couldn't make it work. werk bring those jobs back to america, mr. speaker. more importantly, we can prevent jobs from leaving america, not because we're making them stay, not because we're going to tax them if they leave but because we make america the magnet for job creation and economic activity across the planet. today, we're the worst, mr. speaker. tomorrow, we can bring ourselves back to the middle, but my question to the body today, mr. speaker, is, why don't we commit ourselves to making america the very best place to do business on the planet? we can continue to borrow money from the chinese if we want to, mr. speaker. we can continue to add burden to all of
taxes, our corporate taxes. that's an unlevel playing field and the person that's disadvantaged is not the owner of the ford. the person that's disadvantaged is the employee at ford who needs to have that job. we used to have a ford line and a g.m. line in the city of atlanta, mr. speaker. they are both closed. they are both closed today because they couldn't make it work. werk bring those jobs back to america, mr. speaker. more importantly, we can prevent jobs from leaving america, not because...
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Apr 24, 2013
04/13
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CSPAN2
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it is a question of sales tax or no sales tax. what the oregonians suggested to us is what they consider to be a perfect solution. remove any requirement for their internet retailers to collect sales tax from anybody. therefore, there be no federal mandate. well, let me remind them. there is no federal tax in this bill. there is no new tax in this bill. state and local, or federal. all we're asking for is the basics. the oregonians want to sell in an adjoining state like california, they'll collect the sales tax owed to california and pay it back. then i listened to him describe how onerous this would be. right now ebay, which is no friend of this bill, ebay offers a service available to businesses that they can buy that will tell them the exact sales tax to be collected based on your zip code and address, and that service cost -- listen to this onerous cost -- $15 a month. $15 a month. if you want to go to the highest cadillac version, $140 a month, less than $2,000 a year. incidentally, in our bill, we require the states that ar
it is a question of sales tax or no sales tax. what the oregonians suggested to us is what they consider to be a perfect solution. remove any requirement for their internet retailers to collect sales tax from anybody. therefore, there be no federal mandate. well, let me remind them. there is no federal tax in this bill. there is no new tax in this bill. state and local, or federal. all we're asking for is the basics. the oregonians want to sell in an adjoining state like california, they'll...
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Apr 20, 2013
04/13
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CSPAN2
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fourteen tax brackets. it was definitelily the time for some cutting and the hope was that the economic growth that tax cuts and deregulation would unleash would allow a covert assault on federal spending. the reagan administration with the help of a bipartisan conservative majority in the house and senate had a great deal of success in cutting nondefense domestic discretionary spending. they did relatively little; however, about entitlements and increased defense spending. we saw larger deficits, some of larger government. some of the discretionary spending cut and the democratic growth did cut the government's share of the private economy. we saw when even while reagan was in office when it came time to deal with the deficit that was something we ended up doing on democratic terms. with tax increases that began to wipe out the reagan tax cuts before he left office. and sharply curtailing when bush iv i was in office. that approach did not shrink the federal government. the next approach that was used was
fourteen tax brackets. it was definitelily the time for some cutting and the hope was that the economic growth that tax cuts and deregulation would unleash would allow a covert assault on federal spending. the reagan administration with the help of a bipartisan conservative majority in the house and senate had a great deal of success in cutting nondefense domestic discretionary spending. they did relatively little; however, about entitlements and increased defense spending. we saw larger...
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Apr 24, 2013
04/13
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people to pay taxes. i cannot recall everything he said, but it spoke of hypocrisy. i don't know. i did you are for it or against it, but you should be the same viewpoint and carry on the same kind of methodology. it should bethat paid because there should be an equal platform between internet businesses and brick-and-mortar businesses. there should not be the huge disadvantage. if people want all these government benefit programs and they cried about paying taxes, why should they fret? there should be no democrats saying they don't want the tax. host: this is the editorial section of usa today -- next to their opinion is one written by the vice president and deputy general counsel of government relations at ebay. ebay would like the exemption to be for businesses with 50 than $10 or less million. so there is an exemption for small businesses. ebay would like it to be higher. we will go to gary knell in cameron, north carolina, who supports the legislation. caller: i do. because i don't think it's fair. p
people to pay taxes. i cannot recall everything he said, but it spoke of hypocrisy. i don't know. i did you are for it or against it, but you should be the same viewpoint and carry on the same kind of methodology. it should bethat paid because there should be an equal platform between internet businesses and brick-and-mortar businesses. there should not be the huge disadvantage. if people want all these government benefit programs and they cried about paying taxes, why should they fret? there...
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Apr 17, 2013
04/13
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FOXNEWSW
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now she taxing the rain. next week he is going to tax the sun. [ laughter ] >> bill: you monica, have a beef with president obama paying 18%? >> two things. first of all. >> bill: it's 43 combo. >> waited a minute. he takes aggressive deductions which is what all americans do but his talk about paying your fair share never pays one cent nor. >> bill: we don't know any politicians that do that. he has paid a lot of money to charity. >> two points. number one in terms of charity, that is nice, i'm glad he does it. he should be voluntarily setting an example bumping up his contributions --. >> bill: i like the charity thing. >> money we pay in taxes is percentage of how much money we make is lower that is spent since 1955. >> bill: there is more money coming in to the feds than ever before. >> that is not the issue. you are complaining about people paying too much in taxes. we are paying less in taxes than we paid in decades. >> bill: because there is more individual taxes. you are doing as you always do, sleigh
now she taxing the rain. next week he is going to tax the sun. [ laughter ] >> bill: you monica, have a beef with president obama paying 18%? >> two things. first of all. >> bill: it's 43 combo. >> waited a minute. he takes aggressive deductions which is what all americans do but his talk about paying your fair share never pays one cent nor. >> bill: we don't know any politicians that do that. he has paid a lot of money to charity. >> two points. number one...
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Apr 23, 2013
04/13
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CSPAN2
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not a tax. it's about taxes already owed. taxes already owed. not a federal tax. state taxes already owed. sales taxes and use taxes, that's all we're talking about. are we telling any state they must do this or must do that? no. we're saying to states we're simply affirming the spirit of the 10th amendment, which says you have the right to decide for yourself, mr. governor, ms. legislator, what your state tax structure ought to be. up to you if you want to just have some people pay the sales taxes and use taxes that are owed and other people not pay them, that's up to you too. that's your business. but this is a states' rights 10th amendment decision that leaves to the state this ability. i wanted to talk mostly about what we're talking about. we're talking about what happens when you buy something online from a catalog and the local store, and making sure that states are able if they wish to treat all businesses in the same way. now, that's why so many conservative leaders, as they have understood this bill, have come to support it. this is a rarity in the unite
not a tax. it's about taxes already owed. taxes already owed. not a federal tax. state taxes already owed. sales taxes and use taxes, that's all we're talking about. are we telling any state they must do this or must do that? no. we're saying to states we're simply affirming the spirit of the 10th amendment, which says you have the right to decide for yourself, mr. governor, ms. legislator, what your state tax structure ought to be. up to you if you want to just have some people pay the sales...
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Apr 24, 2013
04/13
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KCSM
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we need a broader tax agreement. >> he pinned its hopes on a german-swiss agreement. when that failed, he turned himself in. it is unclear if he did it in time to avoid a potential prison sentence. >> terry, thank you so much for being with us. quite a dramatic development in this tax evasion case. tell us more. >> dramatic indeed. it seems the president of the most successful soccer club, bayern munich, was arrested in connection with the tax evasion scandal you mentioned. one of the main paper is says he was arrested on march 20th, just briefly, and then released again after paying a bailout in the amount of 5 million euro. it was said he was arrested in connection with a search of his home on the same day. again, march 20th. down now the size of the bail has suggested that if the charges stick, if he is charged, tried, and convicted, he could avoid going to jail. >> is trying to keep his tax evasion case separate from his professional side. >> he is facing allegations of tax evasion on a massive scale. if they stick time it is hard to imagine they would be able to
we need a broader tax agreement. >> he pinned its hopes on a german-swiss agreement. when that failed, he turned himself in. it is unclear if he did it in time to avoid a potential prison sentence. >> terry, thank you so much for being with us. quite a dramatic development in this tax evasion case. tell us more. >> dramatic indeed. it seems the president of the most successful soccer club, bayern munich, was arrested in connection with the tax evasion scandal you mentioned....
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Apr 22, 2013
04/13
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CSPAN2
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not a new tax, taxes that are already owed from everybody who owes the tax so that you can -- so that you can lower your tax raid for everybody, you're free to decide that. that was the argument that art laffer made in "the wall street journal" on last week. now, art laffer was president reagan's favorite economist. that's the point he made. states have the right to be right. he said this, states have the right to be wrong. but if tennessee or throw or any state can lower -- can collect taxes from everybody who owes it, it can lower the tax rate for everybody. that's why so many conservative leaders support this. art laffer, art cardenis, chairman of the american conservative union, governor mitch daniels, almost all the republican governors support this. but all we're deciding here in this two-page bill -- 11-page bill is two words -- do we respect states' rights to decide their own tax policy, do we respect states' rights as the tenth amendment suggests we do? as far as regular order, i wish the finance committee had reported a bill. this legislation was first introduced in some for
not a new tax, taxes that are already owed from everybody who owes the tax so that you can -- so that you can lower your tax raid for everybody, you're free to decide that. that was the argument that art laffer made in "the wall street journal" on last week. now, art laffer was president reagan's favorite economist. that's the point he made. states have the right to be right. he said this, states have the right to be wrong. but if tennessee or throw or any state can lower -- can...
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265
Apr 22, 2013
04/13
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CNBC
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eye 265
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a few states don't collect sales tax. it means that everybody else in the country is subsidizing their employers. when you say it's bad for small business, i don't understand why. it's the small brick and mortar companies that are being hurt by the current law and, therefore, we're losing employment in states among small retail outlets not on the internet because we're subsidizing thee other states who don't collect the sales tax. >> senator ayotte, your response. >> my response is this is a big money grab from the states. can you imagine requiring these online businesses to collect for almost 9,600 tax jurisdictions throughout the country. talk about burdens on businesses. by the way, this is big retailers and business lining up for smaller online businesses to have to do their tax collection for states. it is so wrong. actually the last thing we should do and a precursor to other things they will try to grab using the internet including taxing the ber net in my view. >> i wasn't for if sales tax until i saw art laffer o
a few states don't collect sales tax. it means that everybody else in the country is subsidizing their employers. when you say it's bad for small business, i don't understand why. it's the small brick and mortar companies that are being hurt by the current law and, therefore, we're losing employment in states among small retail outlets not on the internet because we're subsidizing thee other states who don't collect the sales tax. >> senator ayotte, your response. >> my response is...
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Apr 22, 2013
04/13
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FBC
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eye 87
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that big new tax is a tax on all internet sales. the details released this weekend for a senate vote today, what? talk about passing it to it find out what's in it, nancy pelosi, furloughs for air traffic contollers started yesterday. the transportation secretary says they're unavoidable. sequester delays may hit you today. "varney & company" is about to begin. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> good morning, everyone, sorry to tell you this, but here comes maximum pain. air travelers, listen up. your chances of a flight delay just went up. those furloughs are in place for air traffic contollers, they've got to take one day off every two weeks. ra ray lahood, the same may that told us to drive toyotas, he said they're unavoidable. sequester cuts are here and the
that big new tax is a tax on all internet sales. the details released this weekend for a senate vote today, what? talk about passing it to it find out what's in it, nancy pelosi, furloughs for air traffic contollers started yesterday. the transportation secretary says they're unavoidable. sequester delays may hit you today. "varney & company" is about to begin. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures...
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126
Apr 18, 2013
04/13
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CNBC
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eye 126
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your piece today "tax internet sales." you want to raise taxes now. art, you've never heard this before. how can this be? >> you haven't heard it yet, larry, because it's not true. i didn't make the title of that article, just let me say that, but what i do think is all sales in a state should be taxed at same rate. outsiders shouldn't get an advantage over insider but what i think they should do is make it revenue neutral and lower the sales tax rate, just the amount of the new sales tax revenues from out-of-state sales. this internet stuff that's tax-free is just not fair competition. should have a level playing field and keep all tax revenues statistically revenue neutral. that's what i would like to see. you agree with me on that. >> i don't but i'll let sue herera take the new pitch. >> i see your point about leveling the playing field. look at a company like best buy, a lot of times what people do, go in, brows the store. >> exactly. >> but they don't buy at store. they go buy on the internet, and in many cases they don't pay tax on that so that
your piece today "tax internet sales." you want to raise taxes now. art, you've never heard this before. how can this be? >> you haven't heard it yet, larry, because it's not true. i didn't make the title of that article, just let me say that, but what i do think is all sales in a state should be taxed at same rate. outsiders shouldn't get an advantage over insider but what i think they should do is make it revenue neutral and lower the sales tax rate, just the amount of the new...
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Apr 22, 2013
04/13
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CSPAN
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eye 83
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tax codes? currentreduce the rate tax rate from 35 percent down to 28% and reduce these tax breaks, the ones we have been talking about today. or expenditures, what ever you want to call them, in 2011, cost the u.s. government $1.10 trillion in forgone federal revenue. about 85% of that was for individual tax expenditures. these are things that we're familiar with -- the mortgage interest rate deduction or the donations.relatedchit only 20% of that or so was for corporate tax expenditures, some of which are the oil and gas company tax breaks. host: from twitter -- go to jackson, tenn. on our independent line. ofler: i have a couple comments and a question. the revenue the government is taking in is the lowest in six years. from this information cspan. the corporations -- it gets so tiresome hearing people talk about a high tax rate for corporations in the united states when, in effect, they are paying around 12% effective tax rate. of them pay no taxes. to the oil companies, a few moments ago, y
tax codes? currentreduce the rate tax rate from 35 percent down to 28% and reduce these tax breaks, the ones we have been talking about today. or expenditures, what ever you want to call them, in 2011, cost the u.s. government $1.10 trillion in forgone federal revenue. about 85% of that was for individual tax expenditures. these are things that we're familiar with -- the mortgage interest rate deduction or the donations.relatedchit only 20% of that or so was for corporate tax expenditures, some...
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tax from us if we had a tax on their. rapid sales of stocks and bonds we we could have free higher education and that and that state tax we had in the united states. it was eight hundred ninety eight until one hundred sixty four as i recall and f.d.r. kicked it up at thirty five to pay for the c. c. if my recollection is right it was we look at europe eleven countries in europe are starting to institute one of these taxes i asked very little tiny tax on each stock i asked him there's office whether he would support it and he came up with all these you know they came up with these excuses about how they thought it would be inefficient and it wouldn't be able to keep up with the competition meanwhile the competition is instituting in other words the the the billionaires the hedge fund guys have so much money that they basically own this absolutely and the way to get them ultimately is we're going to have to be in build an independent populist anti elite financial elite program and constituency we're going to have to do what
tax from us if we had a tax on their. rapid sales of stocks and bonds we we could have free higher education and that and that state tax we had in the united states. it was eight hundred ninety eight until one hundred sixty four as i recall and f.d.r. kicked it up at thirty five to pay for the c. c. if my recollection is right it was we look at europe eleven countries in europe are starting to institute one of these taxes i asked very little tiny tax on each stock i asked him there's office...
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talk to me about that yes this is the sales tax is a night in one thousand thirty days tax where you walk in the store you buy you get you're good and you pay the tax in the states tried in one thousand nine hundred to one catalog sales to force a catalog or was not in the state to collect for them there was north dakota in this case and the supreme court said is that burdensome so don't force them congress has the can give them the right to do it i know you're very that a lot of information on the table thank you so much that was very fair a fellow a senior vice president of government affairs for direct marketing association and founding member of trust a coalition a coalition seeking tax simplification. and now to an update to developing story of journalist matthew keyes this tuesday keyes pled not guilty on charges of conspiring with a hacker group anonymous by granting them access to the web site of his former employer the tribune company in order to attack them the key is despite these allegations is saying that his involvement with the group was purely for professional reasons
talk to me about that yes this is the sales tax is a night in one thousand thirty days tax where you walk in the store you buy you get you're good and you pay the tax in the states tried in one thousand nine hundred to one catalog sales to force a catalog or was not in the state to collect for them there was north dakota in this case and the supreme court said is that burdensome so don't force them congress has the can give them the right to do it i know you're very that a lot of information on...
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Apr 22, 2013
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use taxes. furthermore, the creation of this new enforcement scheme will create significant new incentives for states to establish new sales taxes and new use taxes and also to increase the tax rates that exist now for these particur items. ultimately, the marketplace fairness act is going to require consumers to pay an additional $22 billion in sales taxes they have never had to pay before. in fact, unless the u.s. pursues ngents to govern theteonal et economy, the types of arrangements sought by chierch d a host of other states, foreign internet retailers will only continue to have the carpet testify advantage -- competitive advantage that the marketplace fairness act would artificially provide them. that, mr. president, is not what the moron economy needs. that's not what what's going to promote online innovation in vavment irhope my colleagues will oppose this marketplace fairness act. it is premature. it is more than anything else, mr. president -- it is coercive. it is coercive. now, we're
use taxes. furthermore, the creation of this new enforcement scheme will create significant new incentives for states to establish new sales taxes and new use taxes and also to increase the tax rates that exist now for these particur items. ultimately, the marketplace fairness act is going to require consumers to pay an additional $22 billion in sales taxes they have never had to pay before. in fact, unless the u.s. pursues ngents to govern theteonal et economy, the types of arrangements sought...
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next week on capitol hill also called a robin hood tax the act would create a sales tax on wall street which would provide hundreds of billions of dollars in new revenue for a nation every year prior to the bill's redirection on capitol hill more than one hundred forty organizations will take part in a robin hood tax campaign rally and march this saturday in our nation's capital joining me now to talk more about that rally and financial transaction tax is gene ross an acute care nurse and co president of national nurses united jean great to have you back with us thank you for being here glad to be here so tell us about the inclusive prosperity act what is this well it's a very very small financial transaction tax on buying and selling. the constant churning those taxes that are on those trades that are done over the computer on wall street and it's meant to bring in up to three hundred fifty billion dollars per year well yeah a lot of money so how he says are very very small tax how small is that point five percent. point half of one percent and yes we've had a similar attacks over the
next week on capitol hill also called a robin hood tax the act would create a sales tax on wall street which would provide hundreds of billions of dollars in new revenue for a nation every year prior to the bill's redirection on capitol hill more than one hundred forty organizations will take part in a robin hood tax campaign rally and march this saturday in our nation's capital joining me now to talk more about that rally and financial transaction tax is gene ross an acute care nurse and co...
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Apr 18, 2013
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cigarette tax! >> a very regressive tax. it will be raised from cigarette smokers who are disproportionately poor and poorly educated. >> so, the right wants the poor to kick in, just not their cigarette money. when it comes to coughing up a buck or a lung, lung wins. (applause) there must be some way to separate poor people from their hard-mooched money. >> the tax of 1% per ounce on soft drinks sweetened with sugar could be an amazing source of revenue for health care reform. >> perfect! make those cigarette-smoking soda-guzzling dummies pay for their own obamacare! (cheers and applause) >> the notion that soda is being placed on a list of sins worthy of being taxed into oblivion will hurt more poor people than anybody else. >> yes. conservatives will fight for the poor's right to see the only doctor who doesn't make you healthier! (laughter and applause) so we can't tax cigarettes or soda. guns? >> i'm worried that particularly poor people, the ones who are most likely to be victims of violent crimes, particularly poor bl
cigarette tax! >> a very regressive tax. it will be raised from cigarette smokers who are disproportionately poor and poorly educated. >> so, the right wants the poor to kick in, just not their cigarette money. when it comes to coughing up a buck or a lung, lung wins. (applause) there must be some way to separate poor people from their hard-mooched money. >> the tax of 1% per ounce on soft drinks sweetened with sugar could be an amazing source of revenue for health care...
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Apr 24, 2013
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we frozen the council tax. with that income tax for 24 million people. we've taken more than 2 million people out of income tax altogether, and our welfare reform sadly not supported by the party opposite are making sure that work always pays. >> thank you, mr. speaker. today the telegraph reports that 1 million people have been declared -- does this include people like my constituent, michael moore, who despite his disability was declared fit for work in july 2011? mr. speaker, michael died in february this year at age 56. >> i'm very sorry i'm enough of the whole house about the loss of her constituent. but i'm sure that she and, indeed, i would've that everyone in this house would except that it is necessary to have a system to check who is available for work and who is able to work and who is not. and the whole point of the employment and support allowance program is that we judge those people who can work but need extra help, and those who can't work who should always be looked after. i find it extraordinary that hands are shaking in the party oppos
we frozen the council tax. with that income tax for 24 million people. we've taken more than 2 million people out of income tax altogether, and our welfare reform sadly not supported by the party opposite are making sure that work always pays. >> thank you, mr. speaker. today the telegraph reports that 1 million people have been declared -- does this include people like my constituent, michael moore, who despite his disability was declared fit for work in july 2011? mr. speaker, michael...
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the tax code during that time so you have told you no it's called progressive tax code no no no what reagan did is he minimize the. number of income levels so as we see turning from say seven down to five or so i was and still you only have a very telling mostly what he did as he took that he took that well actually was l.b.j. took the ninety four percent ninety one percent out of seventy four percent to close so many loopholes the billionaires actually paid more in taxes as kennedy promised in one thousand nine hundred eighty he's going to raise taxes on the rich although everybody on the right argues that he did so and here's the question if you blame reaganomics for that then the question then becomes what if there are two problems with that argument one is the fact that historically we've seen roughly eighteen percent of g.d.p. coming into the federal coffers we've done well it's varied between if you're talking about was i want to fight within the twentieth century has been within a year to twenty mins from softly so the key is right raising g.d.p. vs instead of focusing on tax
the tax code during that time so you have told you no it's called progressive tax code no no no what reagan did is he minimize the. number of income levels so as we see turning from say seven down to five or so i was and still you only have a very telling mostly what he did as he took that he took that well actually was l.b.j. took the ninety four percent ninety one percent out of seventy four percent to close so many loopholes the billionaires actually paid more in taxes as kennedy promised in...
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Apr 20, 2013
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it was in 1997 the total tax rate was the appropriate tax, income tax and consumption tax in that part of the year down to 57 in the end. and to the tax revenue, it didn't. instead it would be enough in that area. >> [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] >> translator: last year and i did the -- i was able to instruct the team and there were a number of teams in position for the document. we have to pick up the economy, otherwise -- whether to do it or not will be decided by progress. so having picked up the economy than, we can see about taxes and the timing of the assets and the tax. so in these responses, we have been seriously considering the implications. if you ask me to make a decision right now to said definitely that taxation will never be raise at this stage i cannot say that. we have to allow making sure the economy gets better. and then a judgment will be made. >> we have time for a very short question over here. wait for the mic. >> thank you for speaking today. you mentioned the partnership for econ
it was in 1997 the total tax rate was the appropriate tax, income tax and consumption tax in that part of the year down to 57 in the end. and to the tax revenue, it didn't. instead it would be enough in that area. >> [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] [speaking in native tongue] >> translator: last year and i did the -- i was able to instruct the team and there were a number of teams in position for the document. we have to pick up...
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Apr 18, 2013
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we have a tax system dealing with international taxes, and our international tax system we tell people that if you are a business that's an american-owned business, and you do business in other parts of the world, you will pay their tax rate to that country, which is fair, but then when you bring your money back to the united states, you'll also have to pay the difference in our tax rate. we are the only country that does that. so we literally tell our businesses, do business all over the world, function all over the world, make money all over the world, but when you make money over there, we would encourage you to leave that money over there and not bring it back home. because if they bring it back home, they are actually punished for returning money back to the united states. now, what does that mean to american competition and how we actually function in our business world? what that means is if you are a german company doing business in the u.k., let's say, you pay the taxes for the u.k. and return your money back to headquarters. but if you are an american business doing business
we have a tax system dealing with international taxes, and our international tax system we tell people that if you are a business that's an american-owned business, and you do business in other parts of the world, you will pay their tax rate to that country, which is fair, but then when you bring your money back to the united states, you'll also have to pay the difference in our tax rate. we are the only country that does that. so we literally tell our businesses, do business all over the...
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Apr 18, 2013
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taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like 20%. but i think i'm a little low versus everyone else. >> well, sure think there. small businesses in new york city that mom-and-pop luncheonest on second avenue, they're paying marginal rates between the federal and state and payroll tax just there of over 50%. what is their incentive to put more capital at risk and expand and hire more people? it is not very good. but you know i want to go a step further. i'm encouraged by my colleague. at least with the income tax, let's not only have a maximum but let's have a minimum. if you need an average say 12% to cover the inco
taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like...
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issues the house doesn't always like the senate making tax decisions or though this isn't raising taxes it's just in forcing taxes but what you will see is you'll see the e.p.a. advocacy will fall away and this is a very good chance it's going to pass in the senate so just to clarify this right now nationwide if you buy something on the internet and you don't pay sales taxes not collected by the seller you have a legal obligation to write a letter to your state at the end of the year or as a buyer and say i bought thirteen dollars eighty two cents of aggregate worth of stuff or this is how much tax i own or here's my in check and nobody does that and so the states that receive the money in billions of dollars is lost and what this bill would do is it would say as with the retail stores the sellers have to collect the money even though it's the buyer who owes the money the sellers have to collect the money and you're saying amazon and e bay are going to be doing this with the paper catalog you would with this law you would have a forty page ad on with every miss a pallet in state tax tac
issues the house doesn't always like the senate making tax decisions or though this isn't raising taxes it's just in forcing taxes but what you will see is you'll see the e.p.a. advocacy will fall away and this is a very good chance it's going to pass in the senate so just to clarify this right now nationwide if you buy something on the internet and you don't pay sales taxes not collected by the seller you have a legal obligation to write a letter to your state at the end of the year or as a...
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Apr 16, 2013
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the gift tax exemption was raised to the same level as the estate tax: the same $5.25 million. it was supposed to go down to a million, so this is a good opportunity for people to take advantage of this, because with the new budget proposal, there is a good chance they could lower it back to the old $1 million, and this way they could be grandfathered. if that is taken away, their estates won't be subject to this tax, and the growth will be out of the people's estates too. - i know a number of years ago, grandparents who wanted to give just a straight gift to children, for example, it was $10,000 a year. now that is up to $14,000, and that is a real boon for grandparents to sort of offload their cash. - right. and if you are married you can double that to $28,000, and if you have a child or grandchild who is married, you can double that again to $56,000. but there are a couple of exceptions that can increase it, such as if the grandparent has a child, say, in college, if he pays the college tuition directly to the school, it doesn't eat into the $14,000 exemption. - so you stil
the gift tax exemption was raised to the same level as the estate tax: the same $5.25 million. it was supposed to go down to a million, so this is a good opportunity for people to take advantage of this, because with the new budget proposal, there is a good chance they could lower it back to the old $1 million, and this way they could be grandfathered. if that is taken away, their estates won't be subject to this tax, and the growth will be out of the people's estates too. - i know a number of...
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Apr 24, 2013
04/13
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moving op to tax reform. senator baucus will not stand for relix devoting the next 18 months in the senate, a powerful guy, chairman of the senate finance committee, pushing for tax reform, lower rates, fewer deductions. that's terrific. a shot of tax reform. your comment on that? >> well, i hope that's true. i wish him a happy and enjoyable life, created the affordable care act, but i hope he works hard on tax reform. if we get rid of the special interest deductions, those buried in the tax code, we'll have higher economic growth, more job, and a tax code that is simper and fairer for everyone in america. >> you are critical of senator baucus even though he said the other week the implementation of obamacare was a train wreck, his words. you're critical of the senator. >> well, senator baucus is the one who is largely responsible for the american people suffering under the affordable care agent right now. i mean, we're months from implementation. it really is a 0 # -- 2014-15 program, and the outrageousness
moving op to tax reform. senator baucus will not stand for relix devoting the next 18 months in the senate, a powerful guy, chairman of the senate finance committee, pushing for tax reform, lower rates, fewer deductions. that's terrific. a shot of tax reform. your comment on that? >> well, i hope that's true. i wish him a happy and enjoyable life, created the affordable care act, but i hope he works hard on tax reform. if we get rid of the special interest deductions, those buried in the...
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Apr 23, 2013
04/13
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to tax. "varney & company" about to begin. > >> any politician gets 70 million votes is larger than you and me as much as i hate to admit. it look at the winning smile and trusting eyes and i made myself vital, after 22 years in congress, i can smell which way the wind is blowing. stuart: kevin spacey, we show you that clip why "house of cards" a hit show only showing on netflix and that's why the stock will soar from the opening bell. look at it up nearly 25% pre-market and offered a month free with "house of cards" as the bait and people liked it, big jump in subscribers, almost as many pay for netflix as h.b.o. that means streaming arrived. and apple likely be to be the stock of the day along with netflix and earnings later. tim cook, pressure on him. apple hasn't had a break through since he took over and the entire financial team is on scrutiny. four apple executives are among the top paid of all 500 top company ceo's, get between 68 and 85 million dollars a year. a lot more than tim coo
to tax. "varney & company" about to begin. > >> any politician gets 70 million votes is larger than you and me as much as i hate to admit. it look at the winning smile and trusting eyes and i made myself vital, after 22 years in congress, i can smell which way the wind is blowing. stuart: kevin spacey, we show you that clip why "house of cards" a hit show only showing on netflix and that's why the stock will soar from the opening bell. look at it up nearly 25%...
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our tax i mean first of all i agree i don't think we should be having a whole bunch of tax shelters all around the world that people spend money and don't keep money here the united states on the other top mitt romney's swiss bank accounts and in some ways your swiss bank account of mine we're all going crazy on our us with the bank and neither do i tried to get into a swiss bank one time they kicked me out of his will i actually when i lived in germany i tried to open a swiss bank account you have to pay them to take your money i know it's amazing it's a matter of fact i went to switzerland we when you and i went to africa to get anyway i know i don't think that this should be i agree with the word fair but i also think our definitions of fair are different for example a fair flat tax for example just for example where the guy that's made in the least amount he's paying ten percent i'm paying ten percent mitt romney's paying ten percent we're all paying the same amount we're all contributing to ramos using a lot. in lots of the commons private jets use it all kinds of runways and thing
our tax i mean first of all i agree i don't think we should be having a whole bunch of tax shelters all around the world that people spend money and don't keep money here the united states on the other top mitt romney's swiss bank accounts and in some ways your swiss bank account of mine we're all going crazy on our us with the bank and neither do i tried to get into a swiss bank one time they kicked me out of his will i actually when i lived in germany i tried to open a swiss bank account you...